PTF vs. MSTR

Last updated Jun 13, 2026

PTF (Invesco DWA Technology Momentum ETF) is Momentum fund tracking the DWA Technology Technical Leaders Index, while MSTR (Strategy Inc) is a stock. Over the past 10 years, PTF returned 26.39%/yr vs 20.92%/yr for MSTR. A 0.54 correlation means they provide meaningful diversification when combined.

Performance

PTF vs. MSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Technology Momentum ETF (PTF) and Strategy Inc (MSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTF achieves a 69.64% return, which is significantly higher than MSTR's -18.41% return. Over the past 10 years, PTF has outperformed MSTR with an annualized return of 26.39%, while MSTR has yielded a comparatively lower 20.92% annualized return.

PTF

• 1D: 1.49%
• 1M: 6.00%
• YTD: 69.64%
• 6M: 66.68%
• 1Y: 95.99%
• 3Y*: 39.34%
• 5Y*: 21.88%
• 10Y*: 26.39%

MSTR

• 1D: 3.18%
• 1M: -30.37%
• YTD: -18.41%
• 6M: -29.74%
• 1Y: -67.36%
• 3Y*: 63.46%
• 5Y*: 19.14%
• 10Y*: 20.92%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTF vs. MSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PTF Invesco DWA Technology Momentum ETF	69.64%	5.68%	43.65%	33.73%	-31.75%	18.10%	82.06%	46.71%	0.01%	32.07%
MSTR Strategy Inc	-18.41%	-47.53%	358.54%	346.15%	-74.00%	40.13%	172.42%	11.65%	-2.70%	-33.49%

Correlation

The correlation between PTF and MSTR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Oct 12, 2006	0.54

The correlation between PTF and MSTR has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.

Return for Risk

PTF vs. MSTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTF

PTF Risk / Return Rank: 83
PTF Sharpe Ratio Rank: 85
PTF Sortino Ratio Rank: 70
PTF Omega Ratio Rank: 74
PTF Calmar Ratio Rank: 92
PTF Martin Ratio Rank: 92

MSTR

MSTR Risk / Return Rank: 8
MSTR Sharpe Ratio Rank: 6
MSTR Sortino Ratio Rank: 4
MSTR Omega Ratio Rank: 7
MSTR Calmar Ratio Rank: 8
MSTR Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTF vs. MSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Technology Momentum ETF (PTF) and Strategy Inc (MSTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PTF	MSTR	Difference
Sharpe ratio: Return per unit of total volatility	2.39	-0.95	+3.34
Sortino ratio: Return per unit of downside risk	2.74	-1.71	+4.44
Omega ratio: Gain probability vs. loss probability	1.38	0.82	+0.56
Calmar ratio: Return relative to maximum drawdown	5.36	-0.88	+6.25
Martin ratio: Return relative to average drawdown	20.45	-1.27	+21.72

PTF vs. MSTR - Sharpe Ratio Comparison

The current PTF Sharpe Ratio is 2.39, which is higher than the MSTR Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of PTF and MSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PTF vs. MSTR - Drawdown Comparison

The maximum PTF drawdown since its inception was -55.38%, smaller than the maximum MSTR drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for PTF and MSTR.

Drawdown Indicators

	PTF	MSTR	Difference
Max Drawdown Largest peak-to-trough decline	-55.38%	-99.86%	+44.48%
Max Drawdown (1Y) Largest decline over 1 year	-17.99%	-76.53%	+58.54%
Max Drawdown (3Y) Largest decline over 3 years	-36.11%	-77.42%	+41.31%
Max Drawdown (5Y) Largest decline over 5 years	-44.88%	-84.11%	+39.23%
Max Drawdown (10Y) Largest decline over 10 years	-44.88%	-89.27%	+44.39%
Current Drawdown Current decline from peak	-4.47%	-73.84%	+69.37%
Average Drawdown Average peak-to-trough decline	-13.26%	-86.45%	+73.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	53.01%	-48.30%

Volatility

PTF vs. MSTR - Volatility Comparison

The current volatility for Invesco DWA Technology Momentum ETF (PTF) is 16.30%, while Strategy Inc (MSTR) has a volatility of 21.60%. This indicates that PTF experiences smaller price fluctuations and is considered to be less risky than MSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTF	MSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.30%	21.60%	-5.30%
Volatility (6M) Calculated over the trailing 6-month period	31.97%	57.34%	-25.37%
Volatility (1Y) Calculated over the trailing 1-year period	40.36%	71.15%	-30.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.34%	90.79%	-55.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	73.80%	-40.64%

Dividends

PTF vs. MSTR - Dividend Comparison

PTF's dividend yield for the trailing twelve months is around 0.01%, while MSTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSTR Strategy Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PTF Invesco DWA Technology Momentum ETF	0.01%	0.21%	0.00%	0.07%	0.00%	0.00%	0.00%	0.00%	0.08%	0.04%	0.26%

Frequently Asked Questions

Can I hold both PTF and MSTR in my portfolio?

PTF and MSTR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTF or MSTR?

MSTR has higher volatility (21.60%) compared to PTF (16.30%). In terms of maximum drawdown, PTF dropped -55.38% vs MSTR's -99.86%.

Which has better risk-adjusted returns?

PTF currently has the higher Sharpe Ratio (2.39 vs -0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.